M&A Deal Summary

Canva Acquires Leonardo.Ai

On July 29, 2024, Canva acquired information technology company Leonardo.Ai

Acquisition Highlights
  • This is Canva’s 1st transaction in the Information Technology sector.
  • This is Canva’s 1st transaction in Australia.

M&A Deal Summary

Date 2024-07-29
Target Leonardo.Ai
Sector Information Technology
Buyer(s) Canva
Deal Type Add-on Acquisition

Target

Leonardo.Ai

Sydney, Australia
Leonardo.Ai is a generative AI content and research company that generated over one billion images. It is used by both hobbyists and professionals across creative industries such as advertising and marketing, design and architecture, film, fashion, photography, e-commerce, education, and more. Leonardo.Ai is based in Sydney.

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Buyer(S) 1

Buyer

Canva

Surry Hills, Australia

Category Company
Founded 2013
Sector Software
DESCRIPTION

Canva is a design software company. Canva tool has attracted over 15 million happy users across 190 countries, who have collectively created more than 1 billion designs. With an integrated marketplace that has both free and paid stock photography, fonts, illustrations, and thousands of templates; a paid subscription that offers the ability to set up a brand kit so users can save their brand colors, fonts, and assets, and ensure consistency across their designs and print service that gives users the ability to produce professional prints in a variety of formats and sizes delivered straight to their doorstep. Canva was founded in 2013 and is based in Surry Hills, Australia.


DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
Country: Australia M&A 1 of 1
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-25 Affinity

Nottingham, United Kingdom

Affinity is a creative software suite for professional photo editing, illustration, graphic design, and page layout. The company's design tools are Affinity Designer, Affinity Photo, and Affinity Publisher. Affinity was formed in 1987 and is based in Nottingham, UK.

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